Reliance sources world’s first ‘carbon-neutral’ oil from United States

Billionaire Mukesh Ambani-owned Reliance Industries Ltd has obtained the world’s first consignment of ‘carbon-neutral oil’ from Oxy Low Carbon Ventures (OLCV), a division of United State oil main Occidental. This feat will additional assist the oil main to perform its goal of turning into a web zero-carbon firm by 2035.

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The Very Large Crude Carrier (VLCC) Sea Pearl containing the carbon-neutral oil from Permian basin, unloaded the cargo at Jamnagar on January 28, 2021. It should be famous that Reliance operates the world’s largest single-location oil refining advanced at Jamnagar in Gujarat with a capability of 68.2 million tonnes a 12 months.

This transaction is the primary main petroleum cargo of Reliance, for which greenhouse fuel (GHG) emissions from all the crude lifecycle, together with oil extraction, transport, storage, delivery, refining, subsequent use, and combustion, have been offset.

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